Which of the Following Will Never Be a Required Condition

question 84

Short Answer

Which of the following will never be a required condition of a non-parametric test? $\begin{array}{|l|l|}\hline A&\text {The data are ordinal. }\\\hline B&\text {The samples are drawn from unimodal and symmetrically distributed populations. }\\\hline C&\text {The data are interval. }\\\hline D&\text {The populations being compared are identical in spread and shape. }\\\hline \end{array}$

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Definitions:

Monopolistically Competitive Industry

An industry characterized by many firms offering products that are similar but not identical, allowing for some degree of market power.

Demand Curves

Graphs showing the relationship between the price of a good and the quantity of that good that consumers are willing to buy at different prices.

Short-Run Profits

Profits earned by a firm during a period when at least one factor of production is fixed, focusing on immediate or near-term financial gain.

Profit-Maximizing Output

The quantity of goods or services that a firm should produce and sell to achieve the highest possible profit.